Mistakes are only mistakes if you don’t learn from them. Otherwise it’s a lesson

Episode 2451,   Aug 17, 2021, 05:45 PM

Mistakes are only mistakes if you don’t learn from them. Otherwise it’s a lesson

In this episode I cover 5 mistakes that have helped my become a better investor.

“Mistakes are only mistakes if you don’t learn from them. Otherwise it’s a lesson”.

As in life, when it comes to investing you will make mistakes. 

It’s inevitable. 

They will hurt as the pain of a loss hits twice as hard as the pleasure from an equivalent gain.

And you will continue to make these mistakes unless you consciously choose to learn from them.

Write your mistakes down, build them into your stock picking strategy. 

Never dismiss your strategy, as it was built through the experience of mistakes, which have become lessons.

You should never worry too much about mistakes, they will make you a better investor.